SIMPLE HOME LOAN
SIMPLE HOME LOAN
- From (owner occupied)
- 5.99%
- 5.99% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 5.99% | 5.99% | Under 60 LVR |
| Variable | 6.09% | 6.09% | 0.600001–0.7% |
| Variable | 6.19% | 6.19% | Over 70 LVR |
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 6.19% | 6.19% | Under 60 LVR |
| Variable | 6.29% | 6.29% |
Fees
| Fee | Type | Amount |
|---|---|---|
| BRIDGINGLOAN Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property | Upfront | $250.00 |
| INVLOAN_ADMIN_FEE Plus Costs | Upfront | $400.00 |
| CONSTRUCTIONLOAN Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment | Upfront | $600.00 |
| CONTRACTVARIATION | Event | $150.00 |
| LEGALFEES First Option covers the first $1000 of Valuation and Legal Fees, other external costs are on-charged at-cost. | Cash advance | $0.00 |
| LOANADMIN | Event | $250.00 |
| LOANCONSENT | Event | $400.00 |
Features
- Digital banking
- Extra repayments
- Notifications
- Email, SMS
- Redraw facility
Eligibility
- Minimum age — 18 years
- Individuals only
- Residency status — Australian Residents
Constraints
- Minimum limit — $5,000.00
- Maximum limit — $2,000,000.00
More Information
Published by First Option Bank under the Consumer Data Right · Last updated 3 July 2026 · Product ID SIMPLE_HOME_LOAN · View on CDR.gov.au